Berenberg Bank Reiterates “Buy” Rating for ASOS (LON:ASC)

ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Wednesday,London Stock Exchange reports. They currently have a GBX 600 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 93.15% from the company’s previous close.

A number of other analysts also recently weighed in on ASC. Deutsche Bank Aktiengesellschaft increased their price objective on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a report on Tuesday, May 12th. Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. upped their target price on ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASOS presently has an average rating of “Moderate Buy” and an average target price of GBX 364.33.

ASOS Stock Up 7.9%

LON:ASC opened at GBX 310.64 on Wednesday. ASOS has a one year low of GBX 206.50 and a one year high of GBX 375.30. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The company has a market cap of £371.68 million, a PE ratio of -1.61, a P/E/G ratio of -1.26 and a beta of 2.27. The firm’s 50 day simple moving average is GBX 257.01 and its 200 day simple moving average is GBX 263.73.

ASOS (LON:ASC) last released its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share (EPS) for the quarter. The business had revenue of GBX 111.60 billion for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. On average, research analysts anticipate that ASOS will post 12.4165252 earnings per share for the current year.

Insider Transactions at ASOS

In other news, insider William Barker bought 1,627,693 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average price of GBX 235 per share, for a total transaction of £3,825,078.55. Insiders have acquired a total of 1,733,163 shares of company stock valued at $407,118,076 in the last quarter. 19.82% of the stock is owned by insiders.

About ASOS

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.